Property Overview
This one-storey home at 298 Amherst Street in Winnipeg's King Edward neighbourhood presents a straightforward, value-oriented opportunity. Built in 1941, it features 750 sqft of living space, a detached garage, and a full, unrenovated basement. Its key appeal lies in its proportionally large, above-average lot for the area (over 4,600 sqft) and a below-average assessed value, suggesting potential for the right buyer. The home suits first-time buyers seeking an entry point into the market, hands-on investors looking for a rental property with land value, or downsizers content with a modest footprint who value outdoor space over a large house. Its character is one of practicality rather than polish, offering a canvas for gradual improvement or a low-maintenance holding.
Frequently Asked Questions
1. How does this home's value compare to others?
The home's assessed value is below average for the street and significantly below the city-wide average, positioning it as an affordable option. This can indicate a property in need of updates but also represents a lower entry cost.
2. What is the significance of the lot size?
At over 4,600 sqft, the land area is notably larger than many lots in the King Edward neighbourhood. This is a standout feature, offering more outdoor space, potential for gardening, or future expansion like a shed or deck, which is uncommon for homes at this price point.
3. Who would be the ideal buyer for this property?
It's best suited for a practical, budget-conscious buyer. This includes a first-time homeowner willing to take on a project over time, an investor seeking a property with a stable land asset, or someone downsizing who prioritizes yard space over a large, modern interior.
4. What should I know about the basement?
The listing notes a full basement that is "not renovated." Buyers should budget for professional inspections to understand its current condition, potential for moisture, and the scope of work needed to make it a functional living or storage space.
5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed. You can request this detailed history directly via the email prompt on the listing page. The service provides the accurate figures manually and does not use contact information for marketing spam.